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Buying a house with bad credit rating
Comments
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toughgreenmonkey wrote: »When you say 3 copies of my credit file - from who? Experian, Equifax - I thought were one and the same!? And who else?
Three separate companies - Equifax, Experian, CallCredit.
Have a read of this MSE page to find out more and how to get your credit files: http://www.moneysavingexpert.com/loans/credit-rating-credit-score:heartpuls Mrs Marleyboy :heartpuls
MSE: many of the benefits of a helpful family, without disadvantages like having to compete for the tv remote
Proud Parents to an Aut-some son 0 -
The £2 statutory paper copies are fine.
Do not sign up to subscription services. Take no notice of what they call a "credit score" as they are nonsense.
Equifax
https://www.econsumer.equifax.co.uk/consumer/uk/order.ehtml?prod_cd=UKSCR
Experian
http://www.experian.co.uk/consumer/statutory-report.html#orderReport
CallCredit
https://www.callcredit.co.uk/stat-report-online/index.php?action=basket_add&tpl=setRegister&package=63&amount=1&mode=clearI am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
I mean the total amount outstanding under that agreement. Not the last three missed payments.toughgreenmonkey wrote: »When you say 'amount owing at that time' do you mean 3x whatever payment was or full outstanding amount?I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Well, bluntly, you are deluding yourself if you think you have savings.toughgreenmonkey wrote: »
And savings would cover the 2 defaults (I think) but not the entire dmp, there is one other thing on there which I couldn't cover in one shotYou might as well ask the Wizard of Oz to give you a big number as pay a Credit Referencing Agency for a so-called 'credit-score'0 -
This is the weekend wind up thread.
Oh I do love these threads :jOwing on CC £00.00 :j
It's like shooting nerds in a barrel0 -
Well, bluntly, you are deluding yourself if you think you have savings.
Well done to you for such an articulate response...... I can see by the number of posts you have made on here that perhaps 'life' or even 'hobbies' are alien words to yourself so why not go investigate their meaning and leave those of us with genuine questions on this forum to receive genuine replies.0 -
So you really think that if you just pay the missed payments and not the rest of the loans amount these defaults will disappear.
You will only be clear when
A; you pay the late payments
B: the total amount of the loans
C: 6 years have gone by.
Good luck in managing finances in future if you have so little grasp of reality now.
NOT WHAT YOU WANT TO HEAR BUT S>>>T HAPPENS0 -
toughgreenmonkey wrote: »Well done to you for such an articulate response...... I can see by the number of posts you have made on here that perhaps 'life' or even 'hobbies' are alien words to yourself so why not go investigate their meaning and leave those of us with genuine questions on this forum to receive genuine replies.
Ah! So in your exceedingly rude way you only want answers that agree with what you want then. Not answers that explain your true position.0 -
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You have more debt than you have savings.
Using made up figures. You owe £20k and have a 15k 'deposit'
As far as lenders are concerned you have zero deposit, still owe 5k and cannot afford a mortgage as you cannot afford a 20k debt.
Regardless of figures, you are still in debt, have no deposit and have not demonstrated you can manage your money.0
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